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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the

A) Name and address of the landlord.
B) Amount of the rent.
C) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
D) Presence of any sex offenders living in the neighborhood.

2. If a lender has granted a VA-guaranteed loan to a veteran, the veteran

A) may sell the property to another veteran who assumes the loan.
B) makes the down payment directly to the VA.
C) cannot prepay any of the principal amount of the loan.
D) cannot apply for another VA loan in the veteran's lifetime.

3. When performing its duties, the Board of Registration protects and safeguards the interests of the

A) Licensees.
B) Governor's office.
C) State legislature.
D) General public.

4. Which of the following is used in the cost approach when estimating the value of improvements?

A) Location, available financing, and depreciation.
B) The assessed value of the property including the land.
C) How much it would cost to build a similar building at today's cost.
D) The price per square foot of comparable properties.

5. The Massachusetts Consumer Protection Act requires that

A) The broker disclose known material defects.
B) The seller disclose all offers received.
C) The seller's information be kept confidential.
D) The buyer be informed of all offers.

Solutions: